On iTunes CBS to sell TV shows
CBS will begin selling some television shows through Apple’s iTunes service for 99 cents per episode, confirming a report from FT that some networks have agreed to halve prices.
Are now also confirmed that it would today carry Tiger Woods’ first live public address since his self imposed exile from professional golfing after reports of marital infidelity in December.
“Being the network with the largest number of golf tournaments, the return of Tiger Woods is a welcome one,” said Leslie Moonves, CEO of CBS.
CBS provides an increase of 30 per cent of advertising prices in the first quarter. Fourth quarter underlying profits rose sharply on increased sales of national advertising, but advertising revenue at its radio and publishing divisions also continued to fall.
Net income for the fourth quarter was $ 58.8 million, or 9 cents per share, compared with $136.1m, or 20 cents per share a year earlier when it took an impairment charge from radio station sales. Revenue fell less than 1 percent to 3.5 billion dollars.
CBS single profit per share of 25 cents matched estimates.
